Innovation Network Management with Startgrid by George Floyd

Enterprise Innovation in Collaboration with Global Startups

What is Innovation Network Management? At Startgrid we define it as a scalable system for delivering external innovation to the enterprise.

Why is this strategic to enterprise innovation teams? There’s a rising chorus of voices talking about a new model of enterprise innovation. A model increasingly focused on combining internal innovation with a systematic approach to collaborating with the startup community:

Deloitte talks about the power of business ecosystems''

Fortune talks about increasing collaboration between enterprises and startups
CB Insights discussing changing nature of corporate innovation and enterprises viewing the startup community as outsourced R&D in an age of increased innovation velocity
Innovation Leader discusses the explosion of corporate innovation labs
Harvard Business Review publishes a piece arguing for greater collaboration between enterprises and startups greater collaboration between enterprises and startups
Imaginatik and MassChallenge study finds that “82% of corporations now view interactions with startups as “somewhat important” to “very important”, and 23% indicated that these interactions were “mission critical”.”

Successful innovation is no longer exclusively about what you develop internally. The global landscape is moving too fast to build it all yourself. Too many emerging technologies have become relevant to your product and the changing nature of your relationship with your customers … big data, mobile, AI, VR, IoT … these technologies will impact a wide range of established enterprises across multiple industry sectors, for better or worse. And they will come to market more rapidly than ever before.

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